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Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

PSEG Power [Member]

Loss Contingencies [Line Items]

Schedule of Outstanding Guarantees, Current Exposure and Margin Positions

The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of December 31, 2024 and 2023.

			As of December 31,
			2024				2023
			Millions
	Face Value of Outstanding Guarantees		$	1,272			$	1,381
	Exposure under Current Guarantees		$	47			$	118
	Letters of Credit - Counterparty Margining Posted		$	4			$	10
	Letters of Credit - Counterparty Margining Received		$	24			$	91
	Cash Deposited and Received
	Counterparty Cash Collateral Deposited		$	—			$	—
	Counterparty Cash Collateral Received		$	(1	)		$	(2	)
	Net Broker Balance Deposited (Received)		$	245			$	115
	Additional Amounts Posted
	Other Letters of Credit		$	155			$	180

Schedule of Total Minimum Purchase Commitments

As of December 31, 2024, the total minimum purchase requirements included in these commitments were as follows:

	Fuel Type		PSEG Power’s Share of Commitments through 2029
			Millions
	Nuclear Fuel
	Uranium		$	442
	Enrichment		$	357
	Fabrication		$	227
	Natural Gas		$	1,406

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Schedule of Contract for Anticipated BGS-RSCP Fixed Price Eligible Load

The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:

			Auction Year
			2022				2023				2024				2025
	36-Month Terms Ending		May 2025				May 2026				May 2027				May 2028			(A)
	Load (MW)			2,800				2,800				2,900				2,800
	$ per MWh		$	76.30			$	93.11			$	80.88			$	107.36

(A)Prices set in the 2025 BGS auction will become effective on June 1, 2025 when the 2022 BGS auction agreements expire.

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Tabular disclosure of information concerning the terms and significance of long term contracts to purchase power (generally referred to as purchase power agreements (PPAs) or power sale agreements (PSAs)) including date of contract expiration, share of plant output being purchased, estimated annual cost, annual minimum debt service payment required and amount of related long-term debt or lease obligations outstanding.

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